EICA: Eagle Point Income's Remaining Term Preferred [Seeking Alpha]
Eagle Point Income Company Inc. (EIC)
Company Research
Source: Seeking Alpha
Recent redemptions of EIC's Series B and C term preferred stocks signal corporate financial strength and prudent capital management. EICA, the remaining 5.0% Series A Term Preferred due 2026, offers a 5.37% yield and benefits from robust asset coverage, estimated at 5.3x. Callable preferreds present strategic opportunities, but investors should weigh reinvestment risk if issues are redeemed amid falling interest rates. While a secure 5% yield and YTM, I think most investors would be willing to accept some price risk and gain 2-3% greater yield, thus a Sell rating is assigned. Looking for a portfolio of ideas like this one? Members of iREIT®+HOYA Capital get exclusive access to our subscriber-only portfolios. Learn More » Andrii Dodonov/iStock via Getty Images Introduction Eagle Point Income Company Inc. ( EIC ) invests in Collateralized Loan Obligations, known as CLOs, which comes with this definition: CLOs are securities backed by a pool of debt, typically corporate
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EIC
News
- Eagle Point Income (EIC) had its price target lowered by B. Riley Financial, Inc. from $14.00 to $11.25. They now have a "buy" rating on the stock.MarketBeat
- Eagle Point Income Company Inc. Launches Offering of 6.00% Convertible Perpetual Preferred Stock [Yahoo! Finance]Yahoo! Finance
- Eagle Point Income Company Inc. Launches Offering of 6.00% Convertible Perpetual Preferred StockBusiness Wire
- Eagle Point Income (EIC) was downgraded by Zacks Research from "hold" to "strong sell".MarketBeat
- Eagle Point Income (EIC) had its "neutral" rating reaffirmed by LADENBURG THALM/SH SH.MarketBeat
EIC
Sec Filings
- 4/23/26 - Form DEFA14A
- 4/22/26 - Form 497AD
- 4/14/26 - Form 8-K
- EIC's page on the SEC website